Renewable Energy projects under implementation will be given extension of time considering period of lockdown and time required for re-mobilisation of work force, Ministry of New and Renewable Energy (MNRE) Secretary Anand Kumar said. Kumar made the announcement through a tweet following Prime Minsiter Narendra Modi’s announcement for a complete lockdown across the country for […]
The Jammu and Kashmir Administrative Council, headed by Lt Governor G C Murmu recently approved four policies for tourism, captive power, hydro power and renewable energy, and AYUSH care. The Administrative Council’s decision comes in the backdrop of Global Investors Summit scheduled to be held later in the year to attract investments in the union […]
As part of Intended Nationally Determined Contributions as per the Paris Accord on Climate Change, India has undertaken to install at least forty percent of its total electricity generation capacity from renewable energy sources by 2030. As on 29th February 2020, a cumulative renewable energy capacity of 132.15 GW had been installed in the country, […]
A Parliamentary panel has expressed dismay over Ministry of New & Renewable Energy (MNRE) missing targets continuously and has suggested the ministry to identify weak areas and take corrective actions without any further delay. The Ministry has continuously failed to achieve its yearly physical targets, the Parliamentary Standing Committee on Energy said in a report […]
Policy certainty will increase domestic and international investing into India, a new report out on Thursday by the Institute for Energy Economics and Financial Analysis (IEEFA) said. The report, India’s Renewable Energy Policy Headwinds – Recommendations for Urgently Accelerating Activity in the Renewable Energy Sector, finds a number of recent policy positions that have undermined […]
India’s renewable energy (RE) sector seems to be losing steam, even as the total capacity has reached almost 86 GW by December 2019, says the latest State of India’s Environment Annual report, released here at the 2020 Annual Media Conclave and Anil Agarwal Dialogue. India has set itself a target of 175 gigaWatt (GW) RE capacity by […]
Dr. Rahul Walawalkar, President, India Energy Storage Alliance (IESA) shares his views on Union Budget 2020 Power and RE sector We welcome the government’s focus on the Power and RE sector by the allocation of Rs 20,000 crore for the renewable energy sector. With the recent path breaking tenders showing viability of RE+ storage as […]
Fitch Solutions on Monday said that the centre’s proposed carbon tax waiver on coal may pose substantial downside risks to India’s renewable sector growth. In a bid to alleviate significant debt levels in the power industry, India has proposed to waive carbon taxes on coal (Rs 400 rupees/tonne), it said. This comes at a time […]
Ratings agency Icra on Monday revised its outlook for India’s renewable energy sector from stable to negative amid delays in payments from discoms and execution of projects. The sector is facing headwinds because of the long delays in making payments by the state distribution utilities, delays in projects bid out over the past two years, […]
Sales of renewable energy certificates fell around 10 per cent to 5.04 lakh units in December as compared to 5.59 lakh in the same month a year ago due to lower supply, according to official data. Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) are the two power bourses in the country which […]
